$FRAN (Francesca's Holdings Corporation)

$FRAN {{ '2016-05-17T12:27:05+0000' | timeago}} • Announcement

$FRAN reported preliminary sales and earnings results for its 1Q16. Comparable sales grew 2% year-over-year and EPS is expected to be $0.17 for 1Q16.

$FRAN {{ '2017-06-06T18:59:19+0000' | timeago}} • Webcast

$FRAN said that in terms of traffic versus conversion for 2Q17, the company saw its traffic improve a bit better. Additionally, in terms of mall versus off mall, $FRAN saw the mall outperform the off-mall marginally.

$FRAN {{ '2017-06-06T18:53:22+0000' | timeago}} • Webcast

For FY17, $FRAN expects total GM to increase slightly compared to last year, driven by higher merchandise margins. SG&A for FY17 is expected to increase in the mid-teens YoY, which is driven by the prior inclusion of a $2MM or $0.03 EPS net benefit, higher boutique payroll and selling cost, and cost related to system investment and implementation.

$FRAN {{ '2017-06-06T18:48:21+0000' | timeago}} • Webcast

$FRAN expects 2Q17 total GM rate to decline, mainly due to lower merchandise margin, which is expected to decrease approx. 130 BP. In 2Q17, the company will anniversary the beginning of its inventory management initiative and consequently expects inventory per boutique to be about flat compared to 2Q16.

$FRAN {{ '2017-06-06T14:19:27+0000' | timeago}} • Announcement

$FRAN expects its 2Q17 EPS to be in the range of $0.13 to $0.18. The company intends to open around 18 new boutiques and close six existing ones during the quarter. In the whole of 2017, it expects to open 60-65 boutiques and close 10-15 boutiques.

$FRAN {{ '2017-06-06T14:12:58+0000' | timeago}} • Announcement

$FRAN expects its 2Q17 sales to be in the $120-$124MM range, assuming a 3% decrease to a 1% rise in comparable sales. Full year sales are expected to be between $518MM and $537MM, assuming 2% decrease to a 2% increase in comp sales. The company revised down its 2017 EPS guidance to the range of $1.07-1.17 from the prior guidance of $1.11-1.21.

$FRAN {{ '2017-06-06T12:52:53+0000' | timeago}} • Announcement

$FRAN reported a decline in 1Q17 profit to $4.33MM or $0.12 per share from $7.08MM or $0.18 per share last year. Net sales rose by 1% to $107.7MM, helped by the addition of 42 new boutiques. Comparable sales dropped 5%, owing to lower boutique traffic and conversion rates. The company opened 12 new boutiques and closed 4 in 1Q17.

$FRAN {{ '2017-04-12T12:44:53+0000' | timeago}} • Announcement

$FRAN's BoD appointed Philip Bleser as a member of the Board effective as of April 17, 2017. Bleser will serve on the Audit and Compensation committees of the Board.

$FRAN {{ '2017-03-21T14:24:47+0000' | timeago}} • Webcast

$FRAN sees consistent strength in its dot com business as it grew 42% in 4Q16. The company breaks down comparable sales for 2016 to 1% growth in brick and mortar and 42% growth in dot com business.

$FRAN {{ '2017-03-21T13:07:25+0000' | timeago}} • Announcement

Total merchandise sales for $FRAN improved 9% in 4Q16 to $145.4MM, driven by a 14% rise in apparel category to $60.7MM and a 15% hike in jewelry sales to $34.1MM. Accessories sales inched 2% up to $24.9MM, while gifts saw a 3% dip in sales to $25.8MM.

$FRAN {{ '2017-03-21T13:02:15+0000' | timeago}} • Announcement

$FRAN sees FY17 net sales at $527-543MM, assuming a flat to a low-single-digit increase in comparable sales. The clothing chain plans to open 60-65 boutiques and close 10-15 boutiques in FY17. Diluted EPS is expected to be $1.11-1.21, with a capital expenditures guidance of $28-33MM.

$FRAN {{ '2017-03-21T12:57:35+0000' | timeago}} • Announcement

For 1Q17, $FRAN expects net sales to be $111-114MM, with a low single-digit decrease to flat comparable sales. The apparel chain plans to open about 15 new boutiques and close another four during 1Q17, with diluted EPS is forecast at $0.12-0.16.

$FRAN {{ '2017-03-21T12:50:35+0000' | timeago}} • Announcement

Women's clothing chain $FRAN posted an 11% hike in 4Q16 diluted EPS to $0.39 from $0.35 a year ago. Net income remained relatively flat at $14.64MM, with no change in comparable store sales as well. Net sales improved almost 9% to $146.35MM, helped by the addition of 55 new boutiques and a 42% increase in e-commerce sales.

$FRAN {{ '2017-01-10T12:39:47+0000' | timeago}} • Announcement

$FRAN narrowed its 4Q16 net sales outlook to $144-146MM from $143-148MM and its EPS guidance to $0.35-0.37 from $0.33-0.37. The company now sees comparable sales of down 1% to up 1%, compared to prior estimate of low single digit decrease to low single difit increase. For FY16, $FRAN now expects EPS of $1.05-1.07.

$FRAN {{ '2016-12-06T14:35:32+0000' | timeago}} • Webcast

$FRAN stated that there are certain categories that over-penetrate on ecommerce like footwear which performed well. The company also sees over-penetration online in clothing. All categories performed well in both ecommerce and in brick-and-mortar stores.

$FRAN {{ '2016-12-06T14:24:23+0000' | timeago}} • Webcast

$FRAN said mall-based stores outperformed non mall-based stores during 3Q16. Outlet stores continued to perform well. All stores ran positive comps during the quarter.

$FRAN {{ '2016-12-06T14:10:41+0000' | timeago}} • Webcast

$FRAN ended 3Q16 with $24.7MM in cash. The company had no debt outstanding at the end of the quarter. During 3Q16, $FRAN repurchased approx. 263,000 shares of common stock at a cost of $4.2MM, bringing the total year-to-date repurchases to 3.5MM shares at a cost of $48MM. Inventory at 3Q16-end was $42.8MM.

$FRAN {{ '2016-12-06T14:05:24+0000' | timeago}} • Webcast

During 3Q16, $FRAN opened 18 boutiques and closed one boutique, bringing the total boutique count to 669. This consists of 335 mall locations and 334 non-mall locations including 49 outlets. Gross profit, as a percent of sales, increased 160BP to 48.2%. The effective tax rate was 38.3%.

$FRAN {{ '2016-12-06T13:55:04+0000' | timeago}} • Webcast

In 3Q16, $FRAN’s sales and EPS exceeded guidance. The sales increases were fairly consistent across the quarter with the company’s boutiques posting mid single digit gains each month and ecommerce posting double digit monthly gains. Ecommerce sales rose 47% resulting in another YoverY increase in penetration.

$FRAN {{ '2016-12-06T13:13:59+0000' | timeago}} • Announcement

For FY16, $FRAN expects net sales to be $484-489MM, assuming a low-single digit increase in comparable sales compared to the prior year increase of 3%. The company expects to open 64 boutiques and close 9 boutiques in FY16. Diluted EPS is expected to be $1.03-1.07. Capex is expected to be $25-28MM.

$FRAN {{ '2016-12-06T13:10:06+0000' | timeago}} • Announcement

For 4Q16, $FRAN expects net sales to be $143-148MM, assuming comparable sales will be in the low single digit decrease to low single digit increase range compared to the prior year increase of 11%. Diluted EPS is expected to be $0.33-0.37. The company plans to open 5 new boutiques and close 3 boutiques during 4Q16.

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